Mooresville, NC / August 18, 2023 – River Rock is excited to announce the successful sale of its River Rock Storage facility located at 4220 Forbes Road in Gastonia, North Carolina. The facility, originally opened by River Rock in August 2021, has undergone significant growth and expansion since its inception, ultimately leading to its recent sale.
This River Rock Storage facility initially encompassed 76,002 square feet. Less than two years later, it has grown into a 124,374 square foot facility, meeting the increasing storage demand of individuals and businesses in the local Gastonia community. The facility’s strategic location, sound management, and commitment to exceptional customer service contributed to the facility’s growth and subsequent profitable sale.
River Rock’s decision to sell the facility comes as the company looks to optimize its portfolio and focus on other key areas for expansion and growth. River Rock will continue to explore new opportunities within the self-storage industry while remaining committed to providing the same exceptional customer experience as it grows the River Rock Storage brand.
River Rock is a vertically integrated real estate development and investment company specializing in residential built-for-rent and multifamily communities as well as self-storage facilities. We have completed over $5.5B in value-add real estate investments throughout the Southeast, Midwest and Mid-Atlantic. Through a combined experience of 160+ years in the development, construction, and asset management of residential and self-storage real estate, our team has created over 20 built-for-rent communities, adding much-needed inventory to the U.S. housing stock.